Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

v3.4.0.3
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Cash Flows From Operating Activities:    
Net Income $ 11,485 $ 10,683
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities:    
Depreciation and Amortization 6,546 6,127
Provisions for Non-Cash Losses on Inventory and Receivables 563 (74)
Stock Compensation Expense 597 506
Deferred Tax Benefit (468) (40)
Other 119 110
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (10,384) 18,563
Inventories (3,117) (3,474)
Accounts Payable 2,755 5,517
Accrued Expenses (8,522) (4,535)
Other Current Assets and Liabilities 214 (633)
Customer Advanced Payments and Deferred Revenue (3,831) (8,796)
Income Taxes 4,245 2,416
Supplemental Retirement and Other Liabilities 341 409
Cash Provided By Operating Activities 543 26,779
Cash Flows From Investing Activities:    
Acquisition of Business, Net of Cash Acquired 0 (52,615)
Capital Expenditures (2,450) (7,059)
Other Investing Activities 0 (300)
Cash Used For Investing Activities (2,450) (59,974)
Cash Flows From Financing Activities:    
Proceeds from Long-term Debt 10,000 40,000
Payments for Long-term Debt (7,604) (5,663)
Purchase of Outstanding Shares for Treasury (4,261) 0
Debt Acquisition Costs (164) 0
Proceeds from Exercise of Stock Options 451 402
Income Tax Benefit from Exercise of Stock Options 529 708
Cash (Used For) Provided By Financing Activities (1,049) 35,447
Effect of Exchange Rates on Cash 186 (886)
(Decrease) Increase in Cash and Cash Equivalents (2,770) 1,366
Cash and Cash Equivalents at Beginning of Period 18,561 21,197
Cash and Cash Equivalents at End of Period $ 15,791 $ 22,563